Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com.

ValuEngine is a fundamentally-based quant research firm in Newtown, PA. ValuEngine

covers over 7,000 stocks every day.

A variety of newsletters and portfolios containing Suttmeier's detailed research, stock

picks, and commentary can be found HERE.

October 5, 2010 – The Dow is no longer overbought on its daily chart

The decline in the 10-Year yield has become overdone on its daily chart under the influence of
my weekly pivot at 2.479. Gold remains overbought on its daily chart with weekly and monthly
risky levels at $1325.81 and $1343.71. Crude oil is nearly overbought with my semiannual risky
level at $83.94. The euro remains extremely overbought with my quarterly value level at 1.3318.
The Dow is no longer overbought on its daily chart as my new monthly pivot at 10,857 becomes
a risky level. On the SPX the risk is to my semiannual pivot at 1100.7. The NASDAQ will no
longer be overbought tomorrow with risk to my annual pivot at 2250. Dow Transports have
declining MOJO with my semiannual pivot at 4467.
10-Year Note – (2.526) Annual and annual value levels are 2.813 and 2.999 with monthly, weekly and
daily pivots at 2.555, 2.479 and 2.486, and quarterly and semiannual risky levels at 2.265 and 2.249.

Courtesy of Thomson / Reuters

Comex Gold – ($1316.2) Semiannual and annual value levels are $1260.8, $1218.7 and $1115.2 with
a quarterly pivot at $1306.4, and daily, weekly and monthly risky levels at $1322.6, $1325.8 and
$1343.7.

Courtesy of Thomson / Reuters

Nymex Crude Oil – ($81.64) Annual and weekly value levels are $77.05 and $72.28 with a daily pivot
at $82.31 and semiannual and monthly risky levels at $83.94 and $84.74.

Courtesy of Thomson / Reuters

The Euro – (1.3686) Quarterly and weekly value levels are 1.3318 and 1.2919 with a daily risky level
at 1.3782. My monthly value level is 1.2342 with semiannual risky level at 1.4733.

Courtesy of Thomson / Reuters

Daily Dow: (10,751) Semiannual, weekly, annual and quarterly value levels are 10,558, 10,392,
10,379 and 8,523 with daily and monthly pivots at 10,849 and 10,857, and annual and semiannual
risky levels 11,235 and 11,296. The Dow now has declining MOJO.

Courtesy of Thomson / Reuters

That’s today’s Four in Four. Have a great day.
Richard Suttmeier
Chief Market Strategist
ValuEngine.com
(800) 381-5576
Send your comments and questions to Rsuttmeier@Gmail.com. For more information on our products
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As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com.
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“I Hold No Positions in the Stocks I Cover.”